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Ethereum (ETH) Consolidation Culminates With 50/100 EMA Crossover

Ethereum (ETH) Consolidation Culminates With 50/100 EMA Crossover
Ethereum Chart With Values Ethereum (ETH) has been consolidating since the beginning of August. The above 4H chart for ETH/USD shows that this consolidation has now come to an end as the 50 EMA is about to cross above the 100 EMA. This will mark the beginning of a new trend for the month of September. As the chart above shows, the gap between the 100 EMA and the 50 EMA has been decreasing during the latter half of August. AMAWave diagram on the above chart also corroborates our analysis that the price has completed a consolidation and is now ready to take off from these levels to begin a new trend. Ethereum (ETH) has seen an increase in volume during the period of consolidation shown on the chart. The price is ready to break above the 21, 50 and 100 EMAs all at the same time which means that the rally will be swift and aggressive. The price may later face resistance at the 200 EMA but around September, when the 50 EMA crosses above the 200 EMA, a golden cross will be formed which will set the ground for a new bullish cycle for Ethereum (ETH). The price of Ethereum (ETH) has seen a long streak of red days for now and has already been through more than a 90% correction. The cryptocurrency also seems to have completed its cycle against Bitcoin (BTC) at the same time. A lot of ICOs are ready to kick start their fundraising as soon as the market recovers, which will put a lot of buy pressure on Ethereum (ETH) and the price will rise in anticipation of that, even before the ICO buying of Ethereum (ETH) occurs. Ethereum Chart With Values The above weekly chart for ETH/USD shows that the price action for Ethereum (ETH) has been a lot more simple and straightforward compared to most cryptocurrencies. This means that the price has just completed a full cycle and is now preparing to exit a phase of consolidation on the weekly time frame. The support at $250 has served to be a critical one for Ethereum (ETH) which the price has held so far. Ethereum (ETH) has been consolidating in a tight range between $324 and $250 on the weekly timeframe. DMACD profile for the above chart shows that this consolidation is about to come to an end even on the weekly time frame and Ethereum (ETH) is all set to begin a new cycle in the weeks ahead. The price of Ethereum (ETH) is likely to form a doji on the weekly time frame if it closes around the same levels. A doji at this level will be seen as a bullish indicator that might also serve as green light for a new cycle. Earlier this month, the 21 EMA broke below the 50 EMA which resulted in a long streak of red weeks as the price plunged. This time though, the 21 EMA is already below the 50 EMA and is all set to break above it in the next few weeks to begin a bullish wave.

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BTC/USD Establishes New All-Time High at 19915.14: Sally Ho's Technical Analysis 1 December 2020 BTC

BTC/USD Establishes New All-Time High at 19915.14:  Sally Ho's Technical Analysis 1 December 2020 BTC

Bitcoin (BTC/USD) reclaimed some lost ground early early in today’s North American session as the pair appreciated to the 19500.00 area trading as low as the 18109.00 area earlier in the Asian session, right around the 100-hour simple moving average.  Traders observe that BTC/USD established a fresh all-time high at the 19915.14 area during the European session after Stops were elected above the previous all-time high of 19891.99.  Traders are eyeing the 20311.36, 20534.46, and 21909.24 areas as upside price objectives.  The pair stopped short of testing the 15808.49 area during the recent move lower, representing the 23.6% retracement of the wide appreciating range and absolute 2020 range from 3858 to 19500.  Significant Stops were elected during the recent decline including below the 18605.14, 18275.16, 18016.74, 17604.12, 17517.42, 17156.69, 17099.13, 16905.00, 16603.10, 16357.50, and 16292.58 levels

Traders will pay close attention to some potential areas of technical support during pullbacks lower and these include the 16092.69 and 15935.90 areas.  Notably, the 15935.90 and 16304.69 areas represent the 76.4% and 78.6% retracements of a historical depreciation from 19891.99 to 3128.89.  Further below current market activity, traders are paying close attention to additional potential areas of technical support during pullbacks and these include the 14273.50, 14259.01, 14101.50, 13989.55, 13892.29, 13705.50, 13663.43, and 13594.42 levels. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 18291.07 and the 50-bar MA (Hourly) at 18943.43.

Technical Support is expected around 16200/ 15996.17/ 15479.66 with Stops expected below.

Technical Resistance is expected around 19915.14/ 20311.36/ 21909.24 with Stops expected above.  

On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

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ETH/USD Establishes Fresh Multi-Year High at 636.53: Sally Ho's Technical Analysis 1 December 2020 ETH

ETH/USD Establishes Fresh Multi-Year High at 636.53:  Sally Ho's Technical Analysis 1 December 2020 ETH

Ethereum (ETH/USD) reclaimed some lost ground early in today’s North American session as the pair appreciated to the 619.70 area after trading as low as the 563.01 area earlier in the North American session, just below the 200-hour simple moving average.  The pair spiked to the 636.53 level during the European session, a fresh multi-year high, after Stops were elected above the 623.22 area, a recent relative multi-year highStops were also triggered above the 627.83 area, an upside price objective related to historical buying pressure around the 80.60 area.  Chartists are carefully monitoring retracement levels following the climb to the recent multi-year high, and these include the 599.61 and 576.77 areas, below which Stops were elected today.  Additional retracement levels include 558.31, 539.84, and 517.00.  Additional upside price objectives include the 638.28 and 652.36 levels.  The pair’s recent pullback was a test of the 479.03 area, representing the 78.6% retracement of the appreciating range from 439.77 to 623.22.  One level that traders are carefully monitoring is the 503.57 area, a level that represents the 38.2% retracement of the recent appreciating range from 310.00 to 623.22, and price activity was recently buoyed above this area.

 Stops were recently elected below a series of retracement levels including 579.73, 563.58, 553.14, 531.50, 526.88, 509.85, 496.86, and 483.06. Larger Stops were elected below the 550.01 and 504.72 areas, retracement levels related to the wider appreciating range from 313.00 to 623.22.  On the upside, Stops were recently elected above the 615.19 area during the climb higher, an upside price objective related to buying activity that originated around the 142.10 level earlier this year.  The pair’s next upside price objectives include the 637.79, 668.87, 679.78, and 698.88 levels.   Stops were also recently elected above the 583.59 and 592.24 areas during the ascent, retracement levels related to selling pressure that commenced around the 894.50 and 1419.96 levelsStops were also recently elected above the 519.16, 521.13, 524.97, and 540.64 areas during the ascent higher, preceded by Stops triggered above the 503.54, 508.69, and 510.22 levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bullishly indicating below the 100-bar MA (hourly) and above the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 568.03 and the 50-bar MA (Hourly) at 591.46.

Technical Support is expected around 417.60/ 388.49/ 366.72 with Stops expected below.

Technical Resistance is expected around 637.79/ 668.87/ 679.78 with Stops expected above.

On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

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BTC/USD Back Above 19000 with 19500 the Next Hurdle: Sally Ho's Technical Analysis 30 November 2020 BTC

BTC/USD Back Above 19000 with 19500 the Next Hurdle:  Sally Ho's Technical Analysis 30 November 2020 BTC

Bitcoin (BTC/USD) extended recent gains early in today’s North American session as the pair appreciated to the 19350.01 area trading as low as the 18079.46 area in the Asian session, just below the 50-bar 4-hourly simple moving average.  Chartists observe that the 50-hour simple moving average has bullishly crossed above the 100-hour simple moving average, reflecting an appreciating market.  Traders are eager to see if BTC/USD will establish a new all-time high above the 19891.99 area in short order.  Traders are eyeing the 20311.36, 20534.46, and 21909.24 areas as upside price objectives if a new all-time high is established.  The pair stopped short of testing the 15808.49 area during the recent move lower, representing the 23.6% retracement of the wide appreciating range and absolute 2020 range from 3858 to 19500.  Significant Stops were elected during the decline including below the 18605.14, 18275.16, 18016.74, 17604.12, 17517.42, 17156.69, 17099.13, 16905.00, 16603.10, 16357.50, and 16292.58 levels

Traders will pay close attention to some potential areas of technical support during pullbacks lower and these include the 16092.69 and 15935.90 areas.  Notably, the 15935.90 and 16304.69 areas represent the 76.4% and 78.6% retracements of a historical depreciation from 19891.99 to 3128.89.  Further below current market activity, traders are paying close attention to additional potential areas of technical support during pullbacks and these include the 14273.50, 14259.01, 14101.50, 13989.55, 13892.29, 13705.50, 13663.43, and 13594.42 levels. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 18194.53 and the 200-bar MA (Hourly) at 18214.01.

Technical Support is expected around 16200/ 15996.17/ 15479.66 with Stops expected below.

Technical Resistance is expected around 19500/ 20311.36/ 21909.24 with Stops expected above.  

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

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ETH/USD Back Above 600 After Orbiting 551.65: Sally Ho's Technical Analysis 30 November 2020 ETH

ETH/USD Back Above 600 After Orbiting 551.65:  Sally Ho's Technical Analysis 30 November 2020 ETH

Ethereum (ETH/USD) extended recent gains early in today’s North American session as the pair appreciated to the 605.00 area after trading as low as the 557.21 area in the Asian session.  Stops were elected above the 568.54, 589.44, and 596.11 areas during the appreciation, upside retracement levels related to the recent depreciating range from 623.22 to 480.08.  Prior to the depreciation, ETH/USD had been hovering around the 551.65 area, representing the 50% retracement of the depreciating range.  Traders are waiting to see if ETH/USD will appreciate to establish another multi-year high.  Traders are also paying close attention to technical resistance around the 627.83, 638.28, and 652.36 areas.  The pair’s recent pullback was a test of the 479.03 area, representing the 78.6% retracement of the appreciating range from 439.77 to 623.22.  One level that traders are carefully monitoring is the 503.57 area, a level that represents the 38.2% retracement of the recent appreciating range from 310.00 to 623.22, and price activity was recently buoyed above this area.  Stops were recently elected below a series of retracement levels including 579.73, 563.58, 553.14, 531.50, 526.88, 509.85, 496.86, and 483.06. Larger Stops were elected below the 550.01 and 504.72 areas, retracement levels related to the wider appreciating range from 313.00 to 623.22.  On the upside, Stops were recently elected above the 615.19 area during the climb higher, an upside price objective related to buying activity that originated around the 142.10 level earlier this year.  The pair’s next upside price objectives include the 637.79, 668.87, 679.78, and 698.88 levels.   

Stops were also recently elected above the 583.59 and 592.24 areas during the ascent, retracement levels related to selling pressure that commenced around the 894.50 and 1419.96 levelsStops were also recently elected above the 519.16, 521.13, 524.97, and 540.64 areas during the ascent higher, preceded by Stops triggered above the 503.54, 508.69, and 510.22 levels.  During pullbacks lower, traders are paying close attention to the pair’s trading activity around the 461.31 area, an upside price objective related to buying pressure that emerged months ago around the 125.52 area.   Some additional downside retracement levels include 432.71, 431.36, 427.78, 424.14, 422.81, 419.74, 415.20, 411.91, and 408.12. Additional areas of potential downside support include the 400.56, 395.87, 387.62, 380.03, 377.17, 367.24, 366.72, 354.44, and 353.78 areas.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 561.55 and the 200-bar MA (Hourly) at 561.17.

Technical Support is expected around 417.60/ 388.49/ 366.72 with Stops expected below.

Technical Resistance is expected around 627.83/ 637.79/ 668.87 with Stops expected above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

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